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raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first all cliff debate in january we already raise taxes only raise taxes significantly so yes we need a huge debate about this time before thank you so much this is what brooks of public note and thank you. stay tuned because if we take a hard about f. warmer secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side at soldering that straight down the madison avenue. clear image of the rock to replace a. twenty day taxi trip through the country. the road. evidence from north to south. the route of the rocky tragedy. after the war waiting for peace. talks e t. holy. moly. her mother. and. the speech. she gave. her. wish. to slum it so good. luck. and. the amount of money. i. know when we talk about the revolving door we often think about a shuttling people between washington and wall street but today we're going to highli
raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first all cliff debate in january we already raise taxes only raise taxes significantly so yes we need a huge debate about this time before thank you so much this is what brooks of public note and thank you. stay tuned because if we take a hard about f. warmer secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first real cliff debate in january we are to raise taxes only raise taxes significantly so yes we need a huge debate out this time before and thank you so much this is one what brooks of public note and thank you. stay tuned because we take a hard about f. one hundred secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of soldering that straight from the madison avenue state. of clear image of the rock to replace. twenty day taxi trip through the country. the road full of. clear evidence from north to south. the route of the rocky tragedy. after the war waiting for peace. talks e r t. more news today violence has once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day. do you think so. now when we talk about the revolving
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first real cliff debate in january we are to raise taxes only raise taxes significantly so yes we need a huge debate out this time before and thank you so much this is one what brooks of public note and thank you. stay tuned because we take a hard about f. one hundred secretary treasury and fed chairman mandel larry summers you won't believe what...
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months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual break in at any time if we continue to get news. don't forget fox business will be live tomorrow morning a 5:00 a.m. for special coverage as markets react to all of this. i'm diane macedo. here is your regular programing. >> this has been a fox business special report. we now return you to your regularly scheduled programing. lou: 20 f-16s will be shipped to egypt at beginning of the month. this has a number of president's critics absolutely furious. your thoughts on that level of engagement? is it correct or really high-stakes gambling? >> bell i think that stresses the point, seems to me, w
months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on iraq this time before thank you so much as one would brooks of public note i thank you. stay tuned because we take a harder look after her secretary of treasury and fed chairman man larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side at that straight about madison avenue. a clear image of the iraq story a. twenty day taxi trip through the country. the road to. clear evidence from north to south. the route of iraqi tragedy. after the war waiting for peace. talks e t. download the official ati application to yourself choose your language stream quality and enjoy your favorites. if you're away from your television or it just doesn't matter how would your mobile device you can watch ati any time anyway. i. know when we talk
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on iraq this time before thank you so much as one would brooks of public note i thank you. stay tuned because we take a harder look after her secretary of treasury and fed chairman man larry summers you won't believe what he did...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raise taxes significant so yes we need a huge debate on how to perform thank you so much this is what broke the public and i thank you. stay tuned because when we take a harder look after warmer secretary treasury and fed chairman front man the larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of sovereign debt straight from madison avenue state. how is the new alert and if they should scripts scare me a little bit. there is breaking news tonight and we are continuing to follow the breaking news. the alexander family cry tears of the war and it is great things rather that there's. a wall around all the time there's a story. playing out in real life. the worst you're going to go. right out to the. radio for a minute. i want. to give you never seen anything like this i'm still. l
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raise taxes significant so yes we need a huge debate on how to perform thank you so much this is what broke the public and i thank you. stay tuned because when we take a harder look after warmer secretary treasury and fed chairman front man the larry summers you won't believe what he did...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes inefficiently so yes we need a huge debate on how to perform thank you so much this is what brooks the public and i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man away from earth you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the white house side of sovereign debt straight from the madison avenue state. wealthy british soil the sun. spot on to the tirelessly. cardinality. markets why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on. the eve. of the. now when we talk about the revolving door we often think about it shuttling people between washington and wall street but today we're going to highlight another s
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes inefficiently so yes we need a huge debate on how to perform thank you so much this is what brooks the public and i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man away from earth you won't believe what he...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raced back to significant so yes we need a huge debate on iraq this time before thank you so much as this one what broke the public now i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man a larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of sovereign debt straight from the madison avenue state. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i missed the guy who cares an awful lot about my country you sir are a fool you know what kind of mind the terrorist cells in your neighborhood all want to give us a defeat terrorism be a liberal and the christian. can secure the borders. you know the polls are going to distract us from what you and i should care abou
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raced back to significant so yes we need a huge debate on iraq this time before thank you so much as this one what broke the public now i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man a larry summers you won't believe...
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Jan 2, 2013
01/13
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if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this brings closer the day when the federal reserve raises rates. it brings higher treasury yields. it shift the balance between fiscal and monetary policy. right now, it doesn't do that at all because the fed is not going to change course one iota just because of this. >> can the market still be driven by yield rather than anything les? >> raisk on, risk off, the need of investors to put money to work as opposed to relative economic performance. and until the economic performance has an impacted on capital flows, on interest rate expectations, it's not going to matter. and good u.s. data is bad for the dollar. per
if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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WHUT
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president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states. the satellite television network h
president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old...
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Jan 28, 2013
01/13
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the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, why he took the actions he took in that very perilous time politically, but i also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theory after he took that big hit in 2010, he had a theory that he could make the 2012 race a choice not just between him and mitt romney, but a choice between different ideologies, different approaches to government, between different sets of visions and values. and everything he did in that time frame he kept trying to tether to this big idea he had about a choice. and when i wrote the book, of course, we can't know how things would end up on november 6, 2012. but, um, i looked at how he developed his governing strategy and his electoral strategy, and it really culminated in november. so this is the back story to what happened in this presidential campaign. >> host: david corn, "sh
the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, why he took the actions he took in that very perilous time politically, but i also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theory after he took that big hit in 2010, he had a theory that he could make the 2012...
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Sep 3, 2013
09/13
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ceiling and cutting back on spending? >> well, they may say that, but the question is, where is that middle ground? because it's really hard -- congressman goes to the president says, i'll give you a vote on syria in exchange for delaying obamacare? i don't think so. the question is, what would that congressman or woman ask for in exchange, that the president could actually give? there's not very much. for example, maybe they say we'd like some additional spending cuts, but are they going to cut defense spending further? >> they can't cut defense spending as we're talking about a military strike. >> exactly. what will you specifically ask for that's practical? you're going to find that there's very little overlap. >> and their own low-hanging fruit is obamacare. >> and that's not going to happen. i mean, it's not going to happen in terms of a delay. the president won't yield on that. >> you don't think the president yields on that? >> i don't think so. >> we've seen a lot this last month in terms of the healthcare law. i
ceiling and cutting back on spending? >> well, they may say that, but the question is, where is that middle ground? because it's really hard -- congressman goes to the president says, i'll give you a vote on syria in exchange for delaying obamacare? i don't think so. the question is, what would that congressman or woman ask for in exchange, that the president could actually give? there's not very much. for example, maybe they say we'd like some additional spending cuts, but are they going...
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Oct 17, 2013
10/13
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they said that the government shutdown and the wrangling over the debt ceiling have badly affected people's lives and their economic situation. they said consumers are likely worried about another standoff among lawmakers as the deal to reopen the government is only temporary. >>> emergency teams are sifting through debris on an island south of tokyo. they're looking for more than 20 residents on izu oshima who disappeared after a powerful storm. typhoon wipha turned up the pacific coast. >> reporter: emergency teams are looking for the missing wherever they can. more than 1,000 people have joined the search, including firefighters, police, and self-defense personnel. they're covered in debris. they've had to work with their hands. more than 800 millimeters of rain hit the island in 24 hours. that's more than double the monthly average. and the worst downfall since people started keeping records 75 years ago. the rain sent part of the mountain sliding down toward one community. more than 30 homes collapsed, or was swept away. a professor is an expert on landslides. he visited the site. moun
they said that the government shutdown and the wrangling over the debt ceiling have badly affected people's lives and their economic situation. they said consumers are likely worried about another standoff among lawmakers as the deal to reopen the government is only temporary. >>> emergency teams are sifting through debris on an island south of tokyo. they're looking for more than 20 residents on izu oshima who disappeared after a powerful storm. typhoon wipha turned up the pacific...
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Sep 30, 2013
09/13
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in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report said that companies that derive 20% of their revenues from the government. lockheed martin gets 97% of its sales from government contracts. you don't think about your neighborhood garbage plan. the u.s. farms out a lot of its back office support work to the private sector. among the biggest i.t. and equipment providers, cisco systems, generates 22% of its sales from washington. centene is top on the list relying solely on the u.s. government for its sales. health care stocks may not be as impacted as the other sectors, but that is a whole other can of worms and another story we're goi
in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report...
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Jan 17, 2013
01/13
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republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided on that strategy. this is just the house republican strategy. it would then have to keep an over to the senate and agree with senate democrats and the white house. for republicans they say this is all about structural spending changes. >> i think it is very clear at this is not just the notion of paying back past dues for the united states but also making sure that the dead obama administration wants to continue to incur is restrained. >> reporter: republican leaders continue to meet with members discussing a number of different ways to deal with the debt ceiling, short-term mr. -- short term. also a longer-term extension of the ceiling that would involve larger cuts, structural changes to entitlements and tax reform, all of these issues are still kicking ar
republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided on that strategy. this is just the house republican strategy. it would then have to keep an over to the senate and agree with senate democrats and the white...
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Sep 16, 2013
09/13
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republicans say they need cuts or reforms for any increase in the debt ceiling. they're still trying to get on the same page to figure out what the opening offer is going to be. the president still has an awful lot of controversy over the last five years from conservative who is say the government is just too big, too in the way of private industry and it would be better if the president backed off because his policies are making it worse although some liberals are saying the white house hasn't done enough especially with dodd-frank regulation. to that the president said when it comes to the volcker rule, that will be finalized by the end of the year. back to you. liz: rich thank you very much. rich edson. david: call it unintended consequences. microsoft tries to poke some fun at apple over its new iphones but it doesn't quite work out as microsoft planned. you don't want to miss the details of this story coming right up. liz: plus if a picture is worth a thousand words, what can 10,000 instagram followers get you? coming up we'll tell you exactly what the socia
republicans say they need cuts or reforms for any increase in the debt ceiling. they're still trying to get on the same page to figure out what the opening offer is going to be. the president still has an awful lot of controversy over the last five years from conservative who is say the government is just too big, too in the way of private industry and it would be better if the president backed off because his policies are making it worse although some liberals are saying the white house hasn't...
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Jan 5, 2013
01/13
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that was part of the debt ceiling. then we had, remember, graham rudman. that was supposed to discipline spending. that was part of the debt ceiling. the convention of the last two or three decades has been to use the debt ceiling as a tool to get serious about cutting spending. >> mohammed el ari is the ceo of pimco, one of the largest investors in bonlds. president obama appointed him to chair the global development council. congratulations on that. businesses and markets want certainty in the economy in order to invest and hopefully promote growth. we've averted the fiscal cliff barely but have three more potential cliffs awaiting. america's economy has been slowly picking up steam. could washington damage america's economic prospectings with the way these things are being done? >> yes, it could damage and has been damaging because we've been growing below potential. as you point out and as stephen said and i agree, we have yet another drama coming up in the next few weeks because we have to deal with the three issu
that was part of the debt ceiling. then we had, remember, graham rudman. that was supposed to discipline spending. that was part of the debt ceiling. the convention of the last two or three decades has been to use the debt ceiling as a tool to get serious about cutting spending. >> mohammed el ari is the ceo of pimco, one of the largest investors in bonlds. president obama appointed him to chair the global development council. congratulations on that. businesses and markets want certainty...
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Feb 19, 2013
02/13
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if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their largest export market is
if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing...
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Dec 19, 2013
12/13
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what you have is the big fight on the debt ceiling in february germinating in the senate in part he cut some leaders there, mitch mcconnell, are facing tea party challenges. look for them to extract some sort of concessions from obama, not because they want the concessions, but they need to prove to conservatives that they are serious about putting up a fight daily, monthly, weekly. that means you could have more uncertainty around the debt ceiling. guy? >> thank you very much, indeed. let's stay with the u.s. theme. the time for tapering has arrived. the fed has taken its first step towards unwinding its record stimulus program. joining us now to discuss what happens next is our chief economist bill, back in the summer, we were all freaked out. since then, the fed has communicated, and it has finally sunk in. when he pulled the trigger on the taper, the market reaction was positive. >> very much so. from may to october, was will we, will we? the only thing that everybody knew is that tapering was not tightening. be.as as clear as he could i think it was a brilliant statement, a brillia
what you have is the big fight on the debt ceiling in february germinating in the senate in part he cut some leaders there, mitch mcconnell, are facing tea party challenges. look for them to extract some sort of concessions from obama, not because they want the concessions, but they need to prove to conservatives that they are serious about putting up a fight daily, monthly, weekly. that means you could have more uncertainty around the debt ceiling. guy? >> thank you very much, indeed....
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Dec 13, 2013
12/13
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BLOOMBERG
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the republicans want to have a major showdown over the debt ceiling. i suspect that that will not be too much of an issue. >> they were issues for the fed in september and that is where ben bernanke and his team did not go ahead with cutting back on quantitative easing. if you have made progress, if the u.s. government and the house have made progress in averting shutdown, does that make tapering more likely? >> it does make it more likely. we can have a very close score next week. of the fiscal issues have been sorted out. if you look at the recent jobs report, we have not only had to better jobs numbers in a row, we have had an upward trend in job creation over the next few months which is positive. the question is how concerned is the said about the mixed signals in the housing markets? we have pending home sales at a 10 month low. new home sales jump but the prices have been week. we have had a trend client. the fed would like to ask this time around or do they want to see a few more months of housing data just to make sure? of the conversation is
the republicans want to have a major showdown over the debt ceiling. i suspect that that will not be too much of an issue. >> they were issues for the fed in september and that is where ben bernanke and his team did not go ahead with cutting back on quantitative easing. if you have made progress, if the u.s. government and the house have made progress in averting shutdown, does that make tapering more likely? >> it does make it more likely. we can have a very close score next week....
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Jan 1, 2013
01/13
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FOXNEWSW
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we'll get to spending cut in february when we try to increase the debt ceiling. democrats want an automatic increase. others are saying i'm not going to spending for u.i. insurance. i don't like the patch for unemployment insurance or patch for the sequester. is no longer a difference on substance. >> behind this. cantor look at the bill, came out and said he was against the bill. he washingtoned in the second conference meeting shoulder to shoulder with john boehner show of solidarity publicly but said he was against the bill because of the spending cuts. back drama. thursday is the re-election of speaker boehner and the new congress. >> it's possible this is the prelude to a channel thursday. it would be naked to do it. there are conservative in the republican caucus in the house who hate the bill. for good reason. this is a complete surrender on everything. the ratio of tax cut. or tax hike to spending cut is 40 to 1, rather than 1 to 1 or 1 to 2 or 1 to 3. a complete rout by the democrats. so it's understandable. i think what is likely to happen is that the l
we'll get to spending cut in february when we try to increase the debt ceiling. democrats want an automatic increase. others are saying i'm not going to spending for u.i. insurance. i don't like the patch for unemployment insurance or patch for the sequester. is no longer a difference on substance. >> behind this. cantor look at the bill, came out and said he was against the bill. he washingtoned in the second conference meeting shoulder to shoulder with john boehner show of solidarity...
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Oct 4, 2013
10/13
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republicans say taking on so much debt is hurting the economy and won't support another debt ceiling increase without spending cuts. the spending cuts they want the democrats won't agree to. the here wur four-days into a government shut down no deal in sight for that or the debt ceiling debate. >> diane macedo live for us from fox business network. >> if you are prone to jet lag start packing your bags. a cure could be on the way. >> we all know workweek is almost over. >> guess what today is? >> hump day. the>> we all use that term sometimes, right? one school wants to ban that phrase. we ask you to weigh in. the your e-mails are coming up. first here is brian kilmeade to tell us what's coming up on "fox & friends." >> let me tell you what is planned. steve doocy did most of the work. if you don't like the show blame him. on day four of the lockout. the shut down. one democratic congress woman thinks the government shut down capitol driver and ultimately she lost her life. new polls on who to blame for the government shut down. this time repub casses aren -- republicans aren't takin
republicans say taking on so much debt is hurting the economy and won't support another debt ceiling increase without spending cuts. the spending cuts they want the democrats won't agree to. the here wur four-days into a government shut down no deal in sight for that or the debt ceiling debate. >> diane macedo live for us from fox business network. >> if you are prone to jet lag start packing your bags. a cure could be on the way. >> we all know workweek is almost over....
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Feb 5, 2013
02/13
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WETA
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they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in this difficult economy you do not cut social security or disability programs. you do not head -- you do not cut medicare or medicaid. if the president were to go forward and say, we are not going to balance the budget on the backs of the most vulnerable, but we are going to look for hundreds of billions of dollars in revenue from those companies that are stashing their money in the cayman islands or bermuda or other tax havens. we are going to take on hard look at all corporate loopholes. we are going to look at the absurdity of continuing to give tax
they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in...
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Oct 19, 2013
10/13
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another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save sequestration. so the republicans are now singing from the pro book that it was previously only backed up by ted cruz singing it. now, the question is if they could get the democrats to make it happen and, you know, i think that there is. >> eleanor? >> ted cruz won in a very small universe, which is the true believer. the republican party has been so tarnished by the events of the last several weeks. and that the remaining moderates, the traditionalists, the establishments, the wall street backers. and they are rising up against ted cruz and the minority of t
another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save...
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Oct 9, 2013
10/13
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ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said, we're not going to do that again. not just for me, but because future presidents, republican or democrat, should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe, or we provide concessions to one faction of one party in one house. but let me tell you a lesson i did not learn. i did not learn a lesson that we shouldn't compromise. i still think we should. i still think there are all kinds of issues that we should be talking about and i don't expect to get 100% of my way. and i'm still very open to having conversations wit
ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said,...
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Oct 9, 2013
10/13
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ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to ensure delivery of 1 november checks to more than 5.18 million beneficiaries, and that accounts for about $6.25 billion in payments that people are expecting. >> the shutdown has already furloughed hundreds of thousands of federal workers, including members of the cia. the cia is now calling them back to work. they still, though, won't get paid until the budget impasse is over. mike viqueira is live in washington. and mike a very big day for the president. he is expected to nominate janet yellen to be the next head of the federal reserve. is the timing a bit of a surprise? >> yes and no. as the shutdown and impe
ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to...
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Mar 3, 2013
03/13
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the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in congress? the sequester. at first, there's relief in washington. >> you may have noticed that the cloud of uncertainty has been lifted. >> but the good cheer does not last long. september 2011, the super committee begins work. >> i approach our task with a profound sense of urgency, high hopes and realistic expectations. >> the weeks drag on, bargaining is intense and in late november the supercommittee wraps up work without a deal. >> we have to keep finding a fair and balanced solution. there's the chat eng that divided us. >> a disappoint
the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in...
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Jan 7, 2013
01/13
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this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not pay my bills unless you stop buying stuff, well stop buying stuff so you don't have future bills, but right now we have to pay the bills that have been incurred. don't tie it to the debt ceiling. >> reporter: a big part of balancing this budget is in fact, getting people back to work? >> that balances us twice and that another is big piece of it. >> reporter: president obama says he will not neglect can congress on whether they should pay their bills. some republicans are questioning his fiscal leadership. >> what is really disappointing to me is that the
this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not...
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Jan 9, 2013
01/13
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the fiscal cliff deal in the con test of that dialogue and the need to raise the debt ceiling and focus on spending cuts, it will be interesting over the next few weeks to see where corporate tax reform falls out of that conversation. >> i'll make my way over here in a moment. >> david -- [inaudible] can you tell us what is your top legislative priority this year? >> we have a lot of priorities. as i mentioned in the earlier comments, the first one is to encourage government and policy makers to do no harm. if we look at the game-changing opportunity that occurred at the energy area particularly in oil and natural gas today, it's revolutionary truly. our first council as we look to the priority is to say don't do anything that would discourage that investment and economic. when we look at priority we look at regulatory regime. we look to the congress and say what else can we do to open other area of access. we're not talking about national park or sensitive areas. we're talking about areas that have potential for vast oil and natural gas development. the industry would be prepared to in
the fiscal cliff deal in the con test of that dialogue and the need to raise the debt ceiling and focus on spending cuts, it will be interesting over the next few weeks to see where corporate tax reform falls out of that conversation. >> i'll make my way over here in a moment. >> david -- [inaudible] can you tell us what is your top legislative priority this year? >> we have a lot of priorities. as i mentioned in the earlier comments, the first one is to encourage government...
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May 8, 2013
05/13
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meanwhile, the "economist" magazine has written, quote, failure to raise the debt ceiling would force immediate spending cuts equal to 6% of g.d.p. not only will that threaten to send the economy back into recession, it would also deprive doctors, pensioners, contractors, millions of others the money needed to meet their own obligations and set off a chain reaction of defaults. even a few days' default would royal global financial system which relice on treasuries in countless -- relies on treasuries in countless transactions. the mere possibility could dump holdings, driving up interest rates, end quote. tony, a former spokesperson for president george w. bush said, quote, prioritization is impossible. is the government really going to be in the position of withholding benefits, salaries, rent contractual payments and so forth in order to pay off treasury bondholders? that would be a political catastrophe, end quote. should be clear by now that to bring in bills like this could scare investors and endanger our economy. this type of economic brinksmanship is extremely dangerous. the m
meanwhile, the "economist" magazine has written, quote, failure to raise the debt ceiling would force immediate spending cuts equal to 6% of g.d.p. not only will that threaten to send the economy back into recession, it would also deprive doctors, pensioners, contractors, millions of others the money needed to meet their own obligations and set off a chain reaction of defaults. even a few days' default would royal global financial system which relice on treasuries in countless --...
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ceiling and the spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit it creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk was no part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to retire this year that's in loose change let's get to today's capital account.
ceiling and the spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit it creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk was no part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff will discuss and wall wrong cliffs we have five phrases we'd like to...
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Jan 3, 2013
01/13
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battling spending cuts and the debt ceiling. u.s. investors are turning their attention away from the fiscal cliff to this week's economic data. friday's jobs report. official pmi data puts service sector growth at a four-month high in december thanks to a boost in construction work. and you've just joined us this morning. a very warm welcome. what a bumper day we had for global investors yesterday. it's great if you're long on the market. the doe up 2.4%. the nasdaq up 3. the s&p 500 up 2.5. right now we are implied slightly weak e at the open. the dow implied down some 35 at the moment. s&p down 3 and the nasdaq down some 4 points. let's show you where we stand on the ftse global cnbc 300. just off ten points ahead of the u.s. open and after good gains yesterday, stock up 2% across the board setting up a 20-month high on average. not big losses. the ftse down 9%. the xetra dax closing yesterday, only 4% of the record high. that was 8,105 we hit in 2007. you can see not far away at 7,756. the ibex, mirroring its performance. but the
battling spending cuts and the debt ceiling. u.s. investors are turning their attention away from the fiscal cliff to this week's economic data. friday's jobs report. official pmi data puts service sector growth at a four-month high in december thanks to a boost in construction work. and you've just joined us this morning. a very warm welcome. what a bumper day we had for global investors yesterday. it's great if you're long on the market. the doe up 2.4%. the nasdaq up 3. the s&p 500 up...
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Jan 13, 2013
01/13
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they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the president the authority to borrow more money, put it on the backs of our children and grandchildren. there's no doubt that we are not going to default on our debt. but what the debt ceiling allows or what the debt ceiling allows congress to do is to continue to deficit spend if we would stop incurring deficits, we wouldn't need to increase the debt ceiling. it's not about paying past bills, you bet into the cash flow aspect of this thing. basically what you're talking about is in order to increase the debt ceiling, we're giving the president the authority to put the burdened on our c
they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the...
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Oct 16, 2013
10/13
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ceiling. i think it's a negative if we don't have a little messiness because we're kicking the biggest campbell's soup can down the road and that seems to be the biggest norm. >> as he said. >> thanks, everybody. >> it occurs to me, there's this inverse relationship that's developed. wall street is near an all-time high as washington hits a new all-time low, don't you think? quite an arbitrage. headed to the close with 50 minutes left. art cashin was signaling we have a slight upward buy. not huge. would he keep an eye on it with the dow up 157 points. >> we'll get the take of our next guest, how is blackrock ceo larry fink dealing with the dysfunction in d.c.? here's here in an exclusive coming up. >> all eyes may be on washington but we're not forgetting about key earnings reports. ibm coming out tonight, ebay, american express also. we'll have instant analysis and reaction to all those numbers later on the "closing bell." in today's markets, a lot can happen in a second. with fidelity's gua
ceiling. i think it's a negative if we don't have a little messiness because we're kicking the biggest campbell's soup can down the road and that seems to be the biggest norm. >> as he said. >> thanks, everybody. >> it occurs to me, there's this inverse relationship that's developed. wall street is near an all-time high as washington hits a new all-time low, don't you think? quite an arbitrage. headed to the close with 50 minutes left. art cashin was signaling we have a slight...
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Mar 13, 2013
03/13
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we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democrats will revolt at that. i don't think that will happen. i think they'll find some way to raise it for another year or so in a way that's not terribly damaging to the economy because while republicans don't want tax increases, they also know they got decimated the last time we had a debt ceiling crisis and didn't look good coming out of the fiscal cliff and they nevada look good coming out of budget fights. it's not worst case scenario to kick the can down the road. that's what we'll do. >> you can look at this and shake your head at where we have come to without this normal budget making process, whatever normal used to be. markets continue to be at multiyear highs. we're not necessarily getting any cuts that are significant enough to derail growth in the long-term but at the same time we're not getting reform to encourage people about the budget and a balanced budget longer term but the market doesn't really seem to care completely shaking it off. >> right. which
we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democrats will revolt at that. i don't think that will happen. i think they'll find some way to raise it for another year or so in a way that's not terribly damaging to the economy because while republicans don't want tax increases, they also know they got decimated the last time we had a debt ceiling crisis and didn't look good coming out of the fiscal cliff and they nevada look...
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Jan 3, 2013
01/13
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with sequestration, with those big cuts, if those did come into place, if we did hit the debt ceiling and had a default, had a government shutdown, that would have a profound impact on the economy. right now we are looking at slow growth for 2013. morningstar's economist, bob johnson, sees about 2% growth considering everything goes right - that means we don't hit the debt ceiling, we replace a lot of these cuts. that is not very spectacular growth. if we hit some of these other issues, the growth could look even worse, and there could be a big problem on that front if we can't handle some of these other problems. > other problems include problems in other countries as well, like for example, europe is still sputtering along. > > absolutely. europe has been quiet recently. mario draghi claimed that he is just going to do whatever it takes to keep the euro together, has kept some column. but that could blow up. there are some big elections in 2013 in europe, particularly in germany and italy. the outcomes of those could have a huge impact on if the eurozone is able to stay together, an
with sequestration, with those big cuts, if those did come into place, if we did hit the debt ceiling and had a default, had a government shutdown, that would have a profound impact on the economy. right now we are looking at slow growth for 2013. morningstar's economist, bob johnson, sees about 2% growth considering everything goes right - that means we don't hit the debt ceiling, we replace a lot of these cuts. that is not very spectacular growth. if we hit some of these other issues, the...
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Sep 29, 2013
09/13
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WUSA
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some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well, the typical things. omb put out a memo to all the federal agencies saying here's the bills you can pay. here's the people you can keep on, can't keep on. and there's accepted personnel. and the pentagon is full of accepted because they are in the national security business. the military is going to stay on point and on station. a lot of the civil servants will be furloughed as long as the government is shut down. no drawing checks. the you're a contractor and you have got a contract and the money is coming in, you keep working, doesn't affect the contr
some say than the debt ceiling fight. it's going to be a very testy couple months. >> and if we don't get through those three, wait because you will see sequester version two in january. if they can't free on a budget deal that eliminates sequester, they have a continuing resolution, what we will get is another sequester. so it is groundhog day all over again. but it's on steroids. >> let me ask you, what is the government doing to prepare for a possible shut down? >> well,...
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Jan 3, 2013
01/13
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ceiling and cut government spending. some investors remain bullish. as january goes so goes the year. we could see 10 percent returns for stocks in 2013 pending washington figures everything out. >> 2013 expecting to be good years for auto sales. >> auto americas are out for sales figures. expected to be good 14 and a half million for forecast of last year's sales. that would be the strongest performance since 2007. they will top 15 million this year. that will be led by big pickup trucks and helps pilots of new models coming to the market. that optimistic forecast hinges on washington reaching a deal. >> iphone 5 there are talks about the iphone 6 already. >> the next saws apple has been looking at iphone 6. they found traces of new iphone in their app usage log. they are using app as well as ip addresses. those ip addresses are coming from apple's cooper teen no campus. the iphone 5 could be your old iphone 5. i got my first iphone for christmas. >> let them work out the kinks you can get a 6 down the road. >> heather
ceiling and cut government spending. some investors remain bullish. as january goes so goes the year. we could see 10 percent returns for stocks in 2013 pending washington figures everything out. >> 2013 expecting to be good years for auto sales. >> auto americas are out for sales figures. expected to be good 14 and a half million for forecast of last year's sales. that would be the strongest performance since 2007. they will top 15 million this year. that will be led by big pickup...
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Jan 12, 2013
01/13
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debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spe spending or debt control. you might want it to be about spending control like i'd like to be in "people's" list of 50 most beautiful people. wishful thinking doesn't make it happen. they can use the debt ceiling as
debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government...
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Jan 21, 2013
01/13
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but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran. >> it's hard to believe if we can't get a meaningful negotiation within the next two years that you will not have it read capable of producing a nuclear weapons. then, the u.s. has the choice in its negotiations -- will the solution be containment or is it going to be a preventive strike? >> as he takes the oath again, he will do it with the experience of that presidencies are often formed by crises that happened outside of their control. he will know all folksy brought here last i did not change washington. he will try something -- you have to try something new if you want to accomplish his ambitious agenda thi
but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran....
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Jan 7, 2013
01/13
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ceiling deals, averted sequestration or not averted sequestration, this is a very timely period to be having this conversation. and fortunately, we're joined by a fantastic panel of experts to help us cut through some of this confusion, but even more importantly, pull back and look at some of the bigger strategic questions that are out there. joined by three folks here, mike o'hanlon, who you already met, senior fellow and director of research of foreign policy here at brookings. he's one of the most important and prolific voices in defense issues, written literally hundreds of op-eds, columns and articles including one to point you out to that's up on foreignpolicy.com's web site right now looking at defense budget scenarios. his most recent books include "the opportunity: why nuclear arms control is still important" and very appropriate to today's event, "the wounded giant." then we're joined by richard betts who's one of the top thinkers and teachers in the field of security studies. he's a salzmann professor at columbia university. his numerous books have garnered critical success
ceiling deals, averted sequestration or not averted sequestration, this is a very timely period to be having this conversation. and fortunately, we're joined by a fantastic panel of experts to help us cut through some of this confusion, but even more importantly, pull back and look at some of the bigger strategic questions that are out there. joined by three folks here, mike o'hanlon, who you already met, senior fellow and director of research of foreign policy here at brookings. he's one of...
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Jan 11, 2013
01/13
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we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i think these guys get terrified when the stock market starts going down because they -- you know, from the way they calibrate things, you don't have bonds to do it so now you have the stock market. >> if you get money supply growing at 12% and bonds are in the biggest bubble in the history of mankind, the money is going to go into stocks. that's the path of least resistance. >> maria, what you have to watch very carefully, you have a dance going on and you brought this up that's a very good point. the fundamentals in a lot of ways don't support the equity market moving forward
we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i...
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Jun 13, 2013
06/13
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we do have an agreement that would spread the cuts around. it includes tax increases if they chose. the law that was passed was a reduced spending and my part is 1 trillion as it turns out on how the cuts were to fall. that is what passed. so i think there is a strong feeling in congress that we have to be very corrosive of public integrity to waltz in and say less than two years later that we are just going to give up and forget what we said we were going to do. what should happen is we should look at this government and see how much more the defense department can handle over time and reducing spending and look for ways to find other savings in our government and stay on track. we just had a 600 billion-dollar increase in taxes in january. i do not suppose any of that was used for this problem. >> as i said in my opening statement, senator, that budget is a budget that sustains all of our national security interest and protect our interests and keep them strong and viable as a funding source and continues to make the kind of adjustments and reductions that we need over the next 10
we do have an agreement that would spread the cuts around. it includes tax increases if they chose. the law that was passed was a reduced spending and my part is 1 trillion as it turns out on how the cuts were to fall. that is what passed. so i think there is a strong feeling in congress that we have to be very corrosive of public integrity to waltz in and say less than two years later that we are just going to give up and forget what we said we were going to do. what should happen is we should...
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debt ceiling has to be accompanied by cuts that exceed the amount the debt ceiling has been raised. back to you. adam: rich, americans are upset with congress. we get that. the president seems, with what we just heard, it's like a parent talking to a child. could that backfire on him? is he pouring salt into the wound saying "i am not having another debate with the congress." that's the purpose of congress. takes two to tango, doesn't it? >> it does. the debt ceiling is something that congress passes, and he's asking congress to seed that authority. the point of view from democrats and the president is congress appropriates the spending, the president signs it into law, and then because of that spending, you have to raise the debt ceiling as a second maneuver, but you approved the spending, why not raise the debt ceiling? last time democrats believed they won the pr debate on the debt ceiling, and going into this, i imagine they believe the same again. adam: rich edson in washington, thank you very much. cheryl: a lot to cover coming up for us. if you just got a flat screen hdtv for
debt ceiling has to be accompanied by cuts that exceed the amount the debt ceiling has been raised. back to you. adam: rich, americans are upset with congress. we get that. the president seems, with what we just heard, it's like a parent talking to a child. could that backfire on him? is he pouring salt into the wound saying "i am not having another debate with the congress." that's the purpose of congress. takes two to tango, doesn't it? >> it does. the debt ceiling is...
110
110
Oct 11, 2013
10/13
by
FBC
tv
eye 110
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the part that is closed and increase the debt ceiling in exchange for spending cuts. they're waiting for a counteroffer from the white house. those negotiations are in beginning stages. speaker and the president have talked on the. they're still waiting for a deal but they're waiting for the how how negotiations play out. on senate side, one senator, susan collins is looking for coalition of democrats and republicans to break the impasse. she is floating a one-year spending bill. short-term increase in the debt ceiling. would repeal the medical device tax and add antifraud verification system for the president's health care law to insure better access, or antifraud when it comes to getting tax credits for the president's health care law. there is something that goes on capitol hill. any one would be the way forward here. right now lawmakers are waiting and seeing if any of these come to conclusion. remember democrats and republicans, since republicans were elected to control the house back in 2011, have been going round and round on taxes and spending and revenue issu
the part that is closed and increase the debt ceiling in exchange for spending cuts. they're waiting for a counteroffer from the white house. those negotiations are in beginning stages. speaker and the president have talked on the. they're still waiting for a deal but they're waiting for the how how negotiations play out. on senate side, one senator, susan collins is looking for coalition of democrats and republicans to break the impasse. she is floating a one-year spending bill. short-term...
156
156
Jan 14, 2013
01/13
by
FOXNEWSW
tv
eye 156
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we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> i'm confident there are some steps we can take that don't require legislation. wi
we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was...
208
208
Jan 14, 2013
01/13
by
CNNW
tv
eye 208
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just to get the debt ceiling extended to next year. $2.5 trillion. they can't even -- congress has not been able to identify $1.2 trillion in cuts that they're happy with. because these same republicans say they don't want to cut defense. they've claimed that they don't want to gut medicare or harm the vulnerable. but the truth of the matter is that you can't meet their own criteria without drastically cutting medicare or having an impact on medicaid or affecting our defense spending. so the math just doesn't add up. now, here's what would work. what would work would be for us to say, we've already done close to $2 trillion in deficit reduction, and if you add the interest that we won't be paying because of less spending and increased revenue, it adds up to about $2.5 trillion. the consensus is, we need about $4 trillion to stabilize our debt and our deficit. which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arrivin
just to get the debt ceiling extended to next year. $2.5 trillion. they can't even -- congress has not been able to identify $1.2 trillion in cuts that they're happy with. because these same republicans say they don't want to cut defense. they've claimed that they don't want to gut medicare or harm the vulnerable. but the truth of the matter is that you can't meet their own criteria without drastically cutting medicare or having an impact on medicaid or affecting our defense spending. so the...